Michael Jackson Avoids Foreclosure


Michael Jackson today announced that the foreclosure sale of his Neverland Ranch property scheduled for this week has been canceled by Colony Capital, LLC, which just acquired the existing loan on Neverland Ranch from an affiliate of Fortress Investment Group.

Mr. Jackson said, “I am pleased with recent developments involving Neverland Ranch and I am in discussions with Colony and Tom Barrack with regard to the Ranch and other matters that would allow me to focus on the future.”
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Source: Business Wire

This entry was posted on Monday, May 12th, 2008 at 4:29 am and is filed under FSBO. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.



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One Response to “Michael Jackson Avoids Foreclosure”

  1. fortress investment group:
    May 31st, 2008 at 10:24 am

    [...] which just acquired the existing loan on Neverland Ranch from an affiliate of fortress Investmenthttp://fsbo.fizber.com/2008/05/12/michael-jackson-avoids-foreclosure/FUND’S NO FORTRESS New York PostFortress investment group LLC said first-quarter profit tumbled 74 [...]

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